This is unreal. It's gotta go red soon. This is the most pumped up worthless stock and drug if I've ever seen one. This company will bleed cash for years to come. Who the hell is buying and pushing the stock up higher each day. Even more confusing is when will people start selling to take profits. This cannot possible go up every day
I think we'll see 18 tomorrow! Just kidding. No big move up today, people will start to take the profit when it plateaus. This morning we saw a jump down, which was then negated when it looks like one large buyer came in and pushed the price up to 17.55 again.
Interesting you say one large buyer. I got the same impression. The volume that took it up swiftly from the 17.30s to the 17.50s wasn't that much compared to the overall volume of the day. This stock reeks of manipulation. I suspect one big trading desk is fully aware of the hight short interest and wants nothing more than to continue squeezing all the shorts and driving the price higher.
One day though it will all end. The buyer will have too much vested in this POS and will start unloading. When that happens look out below.